Tag: Congressional Budget Office

Obamacare was supposed to be so good, necessary, and affordable that the only way we were going to be able to find out what was in the legislation was to pass it. If the government calls something affordable, you’d better believe that it’s anything but affordable. Like every other government program or mandate, Obamacare’s nothing more than wealth redistribution. In order to entice customers to sign up under an Obamacare exchange, they offer subsidies to help “offset the costs” for the Read more […]

They say that the CBO is nonpartisan. I generally agree. Both parties use CBO reports to their respective advantages. The CBO issues reports and gives testimony upon request by the various Congressional Committees. If they were tasked with finding out how much a certain bill will cost over the next decade, that’s what they’ll find out. It doesn’t matter who requests it or what party that representative belongs to. In one of its more recent reports, the CBO was tasked with finding out how Read more […]

The federal government wastes most taxpayer dollars, not only by making poor or fradulent spending decisions, but also by funding inefficient entitlement programs and unnecessarily redistributing wealth, argues Heritage Foundation budget economist Romina Boccia. “Any Social Security check going to a millionaire, I call that government waste,” Boccia told The Daily Caller News Foundation. “If we decide that the government has a role to protect the elderly and disabled from destitution, if Read more […]

One reason gas prices are so high is that the Feds impose a tax of 18.4 cents per gallon on gas. It’s 24.4 cents per gallon of diesel. We’ve had federal gas taxes since the 50’s to pay for highways and bridges, but since 1983, they started diverting about 20% of gas taxes to go to a Mass Transit Account that is supposed to pay for public transportation like buses and railways. So, those of us who don’t use mass transit are paying for those that do in the form of gas taxes. That’s socialism Read more […]

Five years ago, we were all told that the Affordable Care Act would provide lower healthcare premiums, better quality of healthcare, it would pay for itself and help reduce the federal budget deficit. The only other thing we were told about Obamacare was that we had to pass it in order find out what’s in it. Four years ago, Obamacare was passed and became law. The wheels were set in motion and as Rep. Nancy Pelosi stated, we started to find out exactly what was in the massive bill. Since Read more […]

That’s what socialism does in general. What’s the point of working harder, only to have that additional income taxed more, leaving you with less money than you’d have if you had otherwise not worked hard to make more money? In the context of Obamacare, if a family makes between 100% and 133% of the FPL, they would be responsible for paying no more than 2% of their income toward health insurance. The more money they make, the higher their insurance premium cap is. So, if a family made between Read more […]